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Real-Time news about Chaucer Hldgs (London Stock Exchange): 0 recent articles
|nigelmoat: Is the sale now all but a done deal?
I have held a substantial number of these shares for many years enjoying the respectable dividends despite the poor stock vauation. When a few months ago other interested parties started sniffing around Chaucer the market pushed the share price to a more respectable 62p - surely this was more like its value than the now agreed figure! We seem to have finished at a sale price which pays heavily for a couple of recent natural disaters which long term would have had little effect on Chaucers performance and is what insurance is all about!|
|harleymaxwell: i guess the trade off comes down to a hurricane that could send the share price down to say 40p or less and a really cheap offer ensuing or take a slightly lower price now but with better long term security for the business.,,,
if you are part of the business ie management then you go for the latter....|
|this_is_me: When I bought (3 lots) at an average price of 50 -51p it was because I thought that all insurance companies were u8ndervalued. ( Yes I have holdings in others) I was expecting that the yield would drop to around 5% giving a share price of around 80p so I am annoyed that the directors have given away the company at the current price. It seems to suit the directors to do so. What salaries and bonuses will they be on after the takeover? What about the influence of Aberdeen asset management on the board. What are they and Mr Aberdeen himself getting out of it? I have been investing so long that i have become cynical about deals like this one.|
|little beaker: London-quoted Lloyds ILV price/NTAV ratios have been rising sharply over the last few months on the back of the various disasters - the promise of increased premiums have trumped the costs of the disasters, along with a revaluation of the sector.
Have you actually bothered to look at the share price movements of peers such as HSX, CGL, AML, NVA, HDU, etc? You, sir, are an idiot.
I agree with Pamplona's stance and expect a higher price.|
|this_is_me: An insurance company, like a bookmaker can have an unlucky year. That changes nothing.
The more I think of it the worse the offer appears. The share price has been moving up steadily for the last two years and should continue to do so whatever the occasional blip in earnings (up or down)|
|dashton42: From today's City AM (following on from the Telegraph article):
CHAUCER'S share price was barely changed after the company reported a smaller-than-expected profit for 2010. For most investors, last year's results are old news: all anyone cares about is the impending bid.
Chaucer again said it had received a "number of takeover approaches" but was tight-lipped otherwise. But how much would a successful suitor have to pay?
Despite a lower combined ratio the key measure of profitability for insurance firms the same fundamentals that made the insurer so attractive to buyers still remain.
Firstly, the diversification of its underwriting exposure is extremely reassuring. In 2011, for example, rate increases of 10 per cent in energy and 14 per cent in UK motoring will offset a reduction of 10 per cent in US?property and a broadly flat picture elsewhere.
Second, its presence in Lloyd's offers a perfect entrance for a private equity or trade buyer. Thirdly, it is strongly capitalised, with economic capital of £435m, including a buffer of £60m.
For that reason, any buyer will likely have to pay a premium to its 2011 net tangible asset value, forecast at 54p by analysts at Shore Capital. A premium of around 20 per cent would likely be justifiable, meaning the magic number is around 65p. With the shares trading at 58.5p at yesterday's close, buyers could still make a tidy profit.|
|topinfo: DJ Chaucer Holdings PLC Statement Re Share Price Movement
RNS Number : 8129A
Chaucer Holdings PLC
07 February 2011
Not for release, publication or distribution in whole or in part in, into or from any jurisdiction where to do so would constitute a violation of the relevant laws or regulations of such jurisdiction
Chaucer Holdings PLC
("Chaucer" or the "Company")
Statement Re Share Price Movement
Chaucer Holdings PLC, the specialist Lloyd's insurance group, notes the recent share price movement and confirms that it has recently received a number of approaches regarding a possible offer for the Company.
There is no certainty that these approaches will result in any offer being made for the Company, or as to what terms any such offer may include.
A further announcement on this subject will be made if and when appropriate.
Gavin Kelly/ John O'Malley
Kinmont (Financial Adviser to Chaucer)
T 020 7087 9100
Willis Capital Markets & Advisory (Financial Adviser to Chaucer)
T 020 3124 8123
Justin Griffiths/ Sarah Gestetner
Citigate Dewe Rogerson (PR Adviser to Chaucer)
T 020 7638 9571
In accordance with Rule 2.10 of the City Code on Takeovers and Mergers ("the Code"), the Company|
|hmkwan: now we know that: no any bid.
the CHU share price play by bid news at this month.
will go up or down? do not sure..
looking cash follow book, maybe not ok???
many good and low P/E company at market,why hold for this company for long?|
|jdung: newspaper say:BRE offer CHU shares holder 0.23 BRE share= 1 CHU share
so BRE closed price is 176p. CHU share price will 41.5-42p.
but if CHU shareholder rejet this offer,
how about this CHU share price at today's market?
no sure? maybe go downside again..?|
|hmkwan: most market go up at today, only this CHU share price hold ,
some thing wrong about this comapnay ??
any news? please...|
Chaucer Hldgs share price data is direct from the London Stock Exchange